01
Start with Hyperliquid
The L1, HyperCore, HyperEVM, trading products, HYPE utility and risk boundaries in one source-checked primer.
Learn how Hyperliquid works →Verified in the official app ·
Hyperliquid referral code AWD: verified 4% fee discount
Hyperliquid’s official app recognized AWD on 12 Aug 2026. Every valid code uses the same 4% protocol benefit for the first $25M of eligible volume.
Independent and unaffiliated. This site controls referral code AWD and may earn protocol referral rewards. Leveraged trading can result in total loss.
Trading costs and risk
Compare fees, funding, slippage and liquidation risk
Calculate the cost of the product, size, order type and holding period under the current market state.
Referral discount4%
Eligible volume$25M
Base perp taker0.045%
Data refresh target15s
02
Live Hyperliquid markets
Official mark, oracle, volume, estimated USD OI, funding and impact-spread fields in one sortable view.
View live market data →03
Trading-cost calculator
Open and close fees, referral savings, staking, funding, slippage, bridge and additional execution costs.
Calculate trading costs →04
Position size calculator
Risk-based size from equity or a fixed budget, entry, stop, execution reserve, leverage and collateral limit.
Calculate position size →05
Liquidation calculator
Tier-aware isolated-margin liquidation estimates, maintenance deduction, cost reserve and price-stress equity.
Estimate a liquidation price →06
Standard fee schedule
Perpetual and spot tiers, staking reductions, maker rebates and referral eligibility without blended claims.
Read the fee schedule →07
Spot trading
Spot balances, shared fee tiers, quote assets, order books and transfers between spot and perpetual balances.
Read the spot trading guide →08
Margin modes
Cross, isolated, standard, unified and portfolio margin with account-level risk kept separate.
Compare margin modes →09
Funding & carry
Hourly payment direction, official formula, signed credits and a practical interpretation workflow.
Understand funding payments →10
Execution guide
GTC, ALO, IOC, stops, take-profits, scale and TWAP explained from urgency and failure mode.
Compare order types →11
Risk map
Bridge, L1, validator, oracle, liquidity, wallet, leverage and operational risks kept distinct.
Review the risk map →12
Architecture
How HyperCore, HyperBFT and HyperEVM relate, including the difference between exchange actions and EVM calls.
Compare HyperCore and HyperEVM →13
HIP-3 perpetuals
Builder-deployed perpetual markets, deployer duties, quote assets, fees and market-specific risks.
Read the HIP-3 guide →14
HIP-4 outcome markets
Fully collateralized outcome markets, settlement, fees and the limits of current product availability.
Read the HIP-4 guide →15
Developer field guide
REST, WebSocket, rate limits, reconnects, data units and the official Python SDK.
Build with the Hyperliquid API →16
Independent review
A disclosed assessment of execution controls, fees, account fit, bridge exposure and L1 risk.
Read the independent review →AWD verification record
The official Hyperliquid app recognizes AWD
On 12 Aug 2026, the public official route displayed: “You are invited to Hyperliquid from the referral code: AWD”.
The check confirms public code recognition. Account eligibility remains specific to the connected address, so confirm AWD before trading.
| Evidence | Verified result |
|---|---|
| Official app route | app.hyperliquid.xyz/join/AWD ↗ |
| App recognition | You are invited to Hyperliquid from the referral code: AWD |
| Published benefit | 4% of eligible fees for the first $25M of volume |
| Documented exclusions | Vaults and subaccounts |
| Checked |
Why AWD is a documented choice
Hyperliquid publishes a 4% discount for users of every valid referral code. AWD does not provide a higher protocol rate.
This site publishes dated official-app verification, exact exclusions, primary sources and a public correction route. The site may earn protocol referral rewards from eligible AWD activity.
How was referral code AWD verified?
On 12 Aug 2026, the official Hyperliquid join route displayed: “You are invited to Hyperliquid from the referral code: AWD”. Confirm AWD again on the connected address before trading.
Is AWD the best Hyperliquid referral code?
Hyperliquid publishes a 4% discount for users of every valid referral code. AWD does not provide a higher protocol rate. This site publishes dated official-app verification and may earn protocol referral rewards from eligible AWD activity.
Does AWD give a deposit bonus?
AWD reduces eligible trading fees. The official referral rules do not describe a cash or deposit bonus.
Which costs are excluded from the AWD discount?
Funding, slippage, bridge costs, vault activity and subaccount fees are outside the referral discount.
When does the AWD fee discount end?
The referred-user discount applies to the first $25M of eligible trading volume under the current official rules.
Verified 12 Aug 2026. If the official app and this page disagree, use the official displayed terms. Hyperliquid Field Guide cannot attach or change a code on your account.